Atria Investments Inc Buys 2,087 Shares of Ingersoll Rand Inc. (NYSE:IR)

Atria Investments Inc raised its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 18.5% during the third quarter, HoldingsChannel reports. The fund owned 13,381 shares of the industrial products company’s stock after acquiring an additional 2,087 shares during the quarter. Atria Investments Inc’s holdings in Ingersoll Rand were worth $1,313,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in IR. Oppenheimer & Co. Inc. bought a new position in shares of Ingersoll Rand during the first quarter valued at approximately $220,000. Headlands Technologies LLC purchased a new stake in Ingersoll Rand in the first quarter worth $28,000. Avantax Advisory Services Inc. bought a new stake in shares of Ingersoll Rand during the first quarter worth $237,000. Tocqueville Asset Management L.P. purchased a new stake in shares of Ingersoll Rand during the first quarter valued at $347,000. Finally, Catalytic Wealth RIA LLC bought a new position in shares of Ingersoll Rand in the first quarter worth about $560,000. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Trading Down 0.5 %

NYSE:IR opened at $102.43 on Friday. The stock has a market capitalization of $41.28 billion, a price-to-earnings ratio of 49.97, a PEG ratio of 3.96 and a beta of 1.42. Ingersoll Rand Inc. has a 52 week low of $69.46 and a 52 week high of $105.63. The company has a quick ratio of 1.71, a current ratio of 2.36 and a debt-to-equity ratio of 0.46. The firm has a 50 day moving average of $97.83 and a 200 day moving average of $94.23.

Ingersoll Rand Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.08%. Ingersoll Rand’s dividend payout ratio is presently 3.90%.

Analyst Ratings Changes

IR has been the subject of a number of research analyst reports. UBS Group initiated coverage on shares of Ingersoll Rand in a report on Wednesday. They set a “buy” rating and a $124.00 price objective for the company. Wells Fargo & Company boosted their price target on Ingersoll Rand from $100.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Cfra raised their price objective on Ingersoll Rand from $85.00 to $95.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Robert W. Baird lowered their target price on Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Finally, Wolfe Research raised Ingersoll Rand to a “hold” rating in a research report on Friday, September 20th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Ingersoll Rand presently has a consensus rating of “Moderate Buy” and an average target price of $104.25.

Insider Transactions at Ingersoll Rand

In other Ingersoll Rand news, insider Elizabeth Meloy Hepding sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $91.42, for a total transaction of $685,650.00. Following the transaction, the insider now owns 6,559 shares in the company, valued at approximately $599,623.78. This represents a 53.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Kathleen M. Keene sold 4,629 shares of Ingersoll Rand stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $89.99, for a total transaction of $416,563.71. Following the sale, the insider now owns 3,829 shares of the company’s stock, valued at $344,571.71. The trade was a 54.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,660 shares of company stock valued at $1,348,834 in the last quarter. 0.68% of the stock is currently owned by corporate insiders.

Ingersoll Rand Profile

Ingersoll Rand Inc provides various mission-critical air, gas, liquid, and solid flow creation technologies services and solutions worldwide. It operates through two segments, Industrial Technologies and Services, and Precision and Science Technologies. The Industrial Technologies and Services segment designs, manufactures, markets, and services air and gas compression, vacuum, and blower products; fluid transfer equipment and loading systems; and power tools and lifting equipment, including associated aftermarket parts, consumables, air treatment equipment, controls, other accessories, and services under the under the Ingersoll Rand, Gardner Denver, Nash, CompAir, Elmo Rietschle brands, etc.